Investing.com -- Emerson Electric Company (NYSE:EMR) posted mixed results for the fiscal first quarter and issued worse-than-expected guidance for the second quarter. The company’s shares slipped 0.4% in premarket trading Wednesday.
Emerson reported Q1 earnings per share (EPS) of $1.38, exceeding the analyst estimate of $1.28. However, revenue for the quarter reached $4.17 billion, slightly below the consensus forecast of $4.23 billion.
Sales in the Intelligent Devices segment came in at $2.84 billion, compared to the estimated $2.87 billion. The Software (ETR:SOWGn) and Control segment generated $1.35 billion in sales, just under the projected $1.36 billion.
Underlying sales increased 2%, also missing the expected 2.41% growth.
"Emerson began the fiscal year on a strong note, exceeding first quarter expectations for incremental operating margins and earnings per share with strong cash flow generation," said Emerson President and CEO Lal Karsanbhai.
"Our record gross profit margin and adjusted segment EBITA margin reflect the strength of our transformed industrial technology portfolio and Emerson Management System, as well as the talent and dedication of our world-class team."
For the second quarter of 2025, Emerson expects earnings per share between $1.38 and $1.42, below the consensus estimate of $1.45. Full-year earnings guidance is projected in the range of $5.85 to $6.05 per share, compared to the consensus forecast of $5.93.